The model may or not make sense based on whether the seller knows what he's doing. For example, for over two years I was watching a card that was ridiculously overpriced at BIN $1,600. I made a couple of offers for amounts that NO ONE else would ever pay. Both were declined without even a counteroffer. Every month, the card would go unsold and I would watch it. Finally, another of the same exact card went up for auction and I won the auction at about $550, which was hundreds less than what I had previously offered. I continued to watch the card until I noticed it was finally put up for auction, where it fetched far less than what I paid for it. I still scratch my head on what the seller was thinking.
Now I am going through the same process with another card where it is listed for $500 but is worth $100 TOPS if I am willing to overpay for it. I guarantee, it will end the same way as the prior example.
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